Disaster recovery planning often comes down to a compromise between cost and target recovery times. Which of the following statements is true regarding this compromise?
A. Disaster-recovery duration times and costs should decrease.
B. Disaster-recovery duration times should decrease, but recovery costs will necessarily increase.
C. Disaster-recovery duration times should remain constant, but recovery costs should decrease.
D. Disaster-recovery times should remain constant, but recovery costs should increase.
Answer: A. Disaster-recovery duration times and costs should decrease.
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Which of the following statements regarding annuities is NOT correct?
A) Annuity payments are guaranteed. B) Like life insurance, an annuity is used primarily to provide income at death. C) An annuity is based on mortality assumptions and the law of large numbers. D) An annuity contract provides for the purchase of income.
Evaluating the performance of a mutual fund involves which of the following activities?
I. Determining its rate of return II. Calculating its net asset value III. Examining its turnover ratio IV. Examining its administrative expenses A) I and II B) I, III, and IV C) II, III, and IV D) All four